Welcome guest, is this your first visit?
Member
Discoveries
 
Page 1 of 2 1 2 LastLast
Results 1 to 15 of 29
Like Tree6Likes

Thread: the fed is removing silver coins from circulation too

« Prev Thread | Next Thread »
  1. #1
    us
    the fire

    Aug 2010
    319
    1 times

    the fed is removing silver coins from circulation too

    I imagine they get the good shipments and cull the silver. I've always thought this, but I've confirmed it with a coin machine owner, and a bank, and my own intuition, thus is MUST be true.
    But yeah, of course they are CRH, they probably have a position at the main headquarter type bank coins storages that just searches or runs the silver searcher machine.
    It just makes sense... no?
    How cool would it be to be that guy.

  2. #2
    um
    Jan 2010
    Fisher F2
    902
    2 times

    Re: the fed is removing silver coins from circulation too

    Sorry, but I doubt it. Regulations and camera's would have them cuffed and removed quickly.

  3. #3
    us
    Feb 2010
    SJ, CA
    150

    Re: the fed is removing silver coins from circulation too

    I'm not sure if they still do it, but I know they used to. It wouldn't surprise me. If the US treasury will cull old bills out of circulation why wouldn't the US mint?

    Thank goodness my pickup bank has one large branch that wraps their own coins from close to 100 branches

  4. #4
    us
    the fire

    Aug 2010
    319
    1 times

    Re: the fed is removing silver coins from circulation too

    No, I mean like they KNOW about it, and are paying people to do it. The person woulden't keep any for themsevles of course, because they don' want to loose the job.

    If they aren't doing, they sure as heck know about it. And does the US govt sound like the govt. that would let all that silver slip through thier fingers?

  5. #5
    us
    Feb 2010
    SJ, CA
    150

    Re: the fed is removing silver coins from circulation too

    Quote Originally Posted by FiresEye
    No, I mean like they KNOW about it, and are paying people to do it. The person woulden't keep any for themsevles of course, because they don' want to loose the job.

    If they aren't doing, they sure as heck know about it. And does the US govt sound like the govt. that would let all that silver slip through thier fingers?
    Once again, I wouldn't be surprised. When money is as tight as it is, everyone including the government is looking for easy ways to make money. I would bet money that if they are culling silver, it's going into them new commemoratives and ASE's.

  6. #6
    us
    Feb 2008
    Great Lakes State
    #7
    8,814
    1012 times
    silver surfing

    Re: the fed is removing silver coins from circulation too

    Until someone here can provide absolute proof, it's never happened.

  7. #7
    us
    Mar 2009
    MI
    ace 250
    1,882
    13 times
    All Types Of Treasure Hunting

    Re: the fed is removing silver coins from circulation too

    I'm gonna say that they probably aren't. If they wanted to do it they would just pull all half dollars out of circulation. If that ever happens, then that's probably what they are doing.
    2012 finds

    40%- 88

    A lot of garage sale gold and silver!

  8. #8
    us
    Mar 2010
    Central Illinois
    T-2 Garrett Pro Pointer
    615
    1 times

    Re: the fed is removing silver coins from circulation too

    If banks machines and Coinstar machines can reject silver coins, surely the fed would have them as well. Why buy silver to make coins when you have it sitting in your vaults.
    2011 YTD
    1st  half     2nd
     64 Rosies     72
       3 Mercs       3
       1 Barber
       7 Wash.       7
       1 Walker
       3 Bens
       5 64 Ken      1
      15 40%ers     3
       7 Buffalos
    207 Wheats     15
       3 Steels         6
       1 Indian
     10 War Nickel
       2 foreign sil.   1

  9. #9
    us
    Dec 2008
    St. Augustine, FL
    3,321
    757 times

    Re: the fed is removing silver coins from circulation too

    Quote Originally Posted by dave5710
    If banks machines and Coinstar machines can reject silver coins, surely the fed would have them as well. Why buy silver to make coins when you have it sitting in your vaults.
    Your assumption is rooted in efficiency. You realize that this is the Federal Government? In addition, the Mint and the Federal Reserve are 2 separate entities. Have you seen such cooperation between two agencies before? On top of that, the Mint doesn't manufacture silver planchets. They outsource it. The silver planchets are procured from a private third party. The only planchets the Mint manufactures are clad. They don't even make the zincoln planchet.

  10. #10
    us
    Oct 2007
    East Tennessee
    263
    Coin Roll Hunting

    Re: the fed is removing silver coins from circulation too

    Quote Originally Posted by fistfulladirt
    Until someone here can provide absolute proof, it's never happened.
    I agree!
    Silver? What silver??

  11. #11
    us
    Nov 2008
    4,291
    2 times

    Re: the fed is removing silver coins from circulation too

    Why on earth would the Fed remove silver coins from circulation when they can create and pocket gazillions of dollars whenever they feel like it.
    HH
    Rich
    Generic_Lad and sagittarius98 like this.
    2011 Finds
    6x War Nickels
    1x Buffalo Nickel
    1x Mercury Dimes
    66x Roosevelt Dimes
    2x Canadian Dimes
    0x Washington Quarters
    15x WLH
    12x Franklin
    46x 1964 Kennedy
    161 x 40% Kennedy

  12. #12
    us
    Dec 2008
    rome, ga
    241

    Re: the fed is removing silver coins from circulation too

    This would be a good one for jesse ventura to look into.

  13. #13
    us
    Apr 2010
    1,173
    289 times

    Re: the fed is removing silver coins from circulation too

    Rich is right, no need to work for the silver when the Fed can just create another $600B out of thin air... Oh well, for the rest of us we must CRH
    sagittarius98 likes this.

  14. #14
    us
    the fire

    Aug 2010
    319
    1 times

    Re: the fed is removing silver coins from circulation too

    Quote Originally Posted by dave5710
    If banks machines and Coinstar machines can reject silver coins, surely the fed would have them as well. Why buy silver to make coins when you have it sitting in your vaults.
    Exactly.

    And maybe not the fed itself, but the top corporation money changers.. They are wayyy onto this. I'd be surprised to find ANY silver in a box in say, 5 or 10 years.


    About the fed being able to create money so why would they need the silver? Because to back up this currency and prevent collapse, they NEED the silver, as hard time barter... trust me.

    Also, Just imagine how much us CRH's have gotten. They would be able to net billions in silver coins from circulation if they started years ago, which they did.
    But silver is just one part of their plan.. just look at gold. Also Gasoline.. like how the prices are controlled by way too variant factors.

    I still vouch that silver makes great weapons...

  15. #15
    us
    Sep 2008
    115

    Re: the fed is removing silver coins from circulation too

    I'm with Rich.

 

 
Page 1 of 2 1 2 LastLast

Home | Forum | Active Topics | What's New

Sponsors

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Search tags for this page

coin finds in circulation

,

do banks remove silver coins from circulation

,
does the fed take old coins out of circulation
,
does the federal goverment still mint silver dollars
,
does the treasury have anymore silver dollars
,
how are silver coins removed from circulation?
,
is silver out of circulation for debt
,
what coinage are banks pulling out
,
which banks remove silver coins
,
why were silver coins taken out of circulation
Click on a term to search for related topics.
Powered by vBadvanced CMPS v4.1.3